Dougherty Mortgage LLC, a full service national mortgage banking firm, has arranged a $5.1 million Fannie Mae loan for the refinance of Riverview Highlands, a 54-unit market rate multifamily housing property located in St. Paul, Minnesota.
The 12-year term, 30-year amortization loan was arranged by Dougherty’s Minneapolis office, for borrower Riverview Highlands, LLC. Riverview Highlands is 55+ senior apartment property offering planned activities, community events, underground parking, an exercise room and a community room. Floor plans feature walk-in closets, washer and dry hookup, oversized kitchens as well as vaulted ceilings and fireplaces in some of the units.
